Cosmic Scalper is an intuitive & exotic trading engine, designed to Identify Trend, visually highlight our “Zone of Interest” & plot entry lines at its base, like a barcode, providing critical information to the trader’s mind in a clean, elegant way without cluttering the chart.
Components Of Script :
1. Trend Support Cloud : Based on Fibonacci ratio, the cloud has 3 layers or bands. 2. Entry Engine : The last band of the cloud gets highlighted when we enter “Zone of Interest” & vertical lines appear indicating possible entry points. Together this forms a trend fingerprint.
Mechanism Of Action :
1. Identify trend : The script observers multiple parameters on higher timeframes to identify trend & plots the fibonacci based 3 layer trend support cloud. The script will indicate a change of trend when the last band is breached & sustained. 2. Zone Of Interest : Once a trend is identified, we are looking for entries. But we wait for the other side to get exhausted first. When exhaustion is identified, the last band of the cloud gets highlighted. This “exhaustion” is measured using bespoke datasets created within the protocol. Conventional datasets like RSI, VWAP, MACD etc are only used as secondary or tertiary layer of information. 3. Entries : Once we have entered the highlighted ‘Zone of Interest’ the script will offer entry points represented by vertical lines in the last band, this Highlight + Vertical Lines together forms the trend fingerprint, giving traders crucial visual information to make informed decisions.
How to use :
1. Make a Higher Timeframe Analysis, 4hr, 6hr or Daily timeframe. Use TA or Bollinger Bands. 2. Once you have an informed bias, switch to the Cosmic Scalper on 1min timeframe to take position. 3. Target, Stop, Leverage : at user discretion
Have Questions? Feel free to PM me on TradingView
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UPDATE v2 :
1. Added FIX for free TradingView account users (in settings)
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UPDATE v3 :
1. Added Cosmic Bands 2. Added Cosmic Moving Average
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UPDATE V4 :
1. Analysis Mode integrated into Cosmic Scalper (4hr) 2. New Alerts : a)when price enters the bands b)price crossover Cosmic MA 3. Added Candlestick pattern assistant (optional in settings)
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UPDATE v5 :
1. added bounce assistant feature : now the red & green bands will highlight were a local bounce is likely
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UPDATE v6 : Major Update, introducing Cosmic Bot
1. Cosmic Bot integrated (accumulation bot) 2. Added Cosmic Flow, alternative to cosmic MA 3. Zone of Interest Major Optimisations 4. 4hr Dots alert added 5. Removed candlestick assistant
1. Default Mode : Precise 2. Zone Of Interest Tweaks
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UPDATE V9 : Significant Update
1. NEW FEATURE : cosmic PLAY! 2. Zone Of Interest tweaks 3. Tuning mode 'None' removed; now 'Precise' or 'Lenient' 4. added bands alerts + cosmic play alerts 5. added instructions in settings
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UPDATE V10 :
1. added Cosmic PLAY! tuning : Lenient vs Precise 2. added Aggressive Long/Short bot signals + plot 3. removed reversal long/short bot signals 4. removed early long/short yellow plots 5. improved readability of bot alerts, now easier to understand 6. added self destructing chart setup instructions (disable in settings)
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UPDATE V11 :
1. Added 4hr Scalper Line for better entries 2. Reorganised Settings Menu
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UPDATE v12 :
1. tweaked QuickProfits & added "Plot QuickProfits" in settings for visual representation 2. updated "how to use" in settings 3. tweaked plotting of "instruction messages"
1) CosmicPLAY default setting changed from 'Lenient' to 'Precise' 2) Settings Menu Overhaul 3) 20% stop text-candle overlap fix 4) Separate alerts added for both Upper & Lower bands